4 Upper Main Street #3SharonCT06069
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sharon at 4 Upper Main Street #3, Sharon, CT, 06069 priced at $345,000 converts $2,429/mo rent into $85/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,429/mo, and annual cash flow totals $1,014/yr on $114,368 invested. Return on cash invested prints 20.8% in year one, and rental yield reads 8.45% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 108.4% and total cumulative return in cash sums $123,976. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,429/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06069, Sharon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,665 (100%) |
| Owner Occupied HU | 972 (58.4%) |
| Renter Occupied HU | 215 (12.9%) |
| Vacant Housing Units | 478 (28.7%) |
| Median Home Value | $681,111 |
| Average Home Value | $900,139 |
Housing Distribution
Address Breakdown
Residential
981
Single Family
981
Multi-Family
0
Businesses
163
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Listed by: Juliet Moore • Elyse Harney Real Estate
Mls Name: Smart MLS
Mls ID: #24127940